• Permanent, Full time
  • Schroders Investment Management
  • 2018-11-15
  • Luxembourg
  • Competitive
  • Full time

European MLRO

European MLRO

Role Overview

As the European Money Laundering Reporting Officer (MLRO), you will have an instrumental role in the Group Financial Crime Team (GFCT). You will take a leading role in developing further and overseeing Europe's AML and Financial Crime Compliance programme, working closely with the Group Head of Financial Crime Risk. You will act as an expert in your field, advise on regulatory issues, procedures and controls relating to regulatory and legislative issues concerning Financial Crime, and assist Schroders' senior country management. You would have appropriate membership of the firm's Financial Crime Committee to meet the regulatory standards expected by our clients and regulators. For the purposes of this role summary, "Financial Crime" includes the following topics: anti-money laundering, CTF, sanctions, anti-fraud systems & controls, anti-bribery and tax evasion. The role would be based in Luxembourg (Lux).

Overview of key responsibilities

• Overseeing and challenging Europe's business management and local European MLROs in the implementation of the Group's standards and in addressing identified financial crime risks.
• Making judgements and decisions/recommendations on appropriate actions in relation to financial crime issues escalated from within Europe.
• Acting as a focal point for advice, guidance and updates on the application of financial crime policy and best practice issues.
• Involvement in developing and enhancing the Group's standards, frameworks, policies and procedures for mitigating financial crime risks as well as communicating them within Europe.
• Leading on harmonising Group and Lux financial crime standards, facilitating a smoother onboarding and review process for both the client and Schroders entities.
• Developing and (where appropriate/agreed) delivering relevant education and training.
• Overseeing Schroders Lux compliance with Lux requirements in respect of - Anti-money laundering, CTF, sanctions; fraud investigation, anti-Bribery and tax evasion.
• Leading the European responses to the annual Group-wide AML and related financial crime risk assessments and MLRO reports.
• Providing periodic updates on the strength of the FC systems and controls to the relevant Lux boards.
• Leading in conjunction with the Group Head of Financial Crime Risk, the process for identifying, interpreting, and reporting on legal & regulatory change in respect of financial crime within Europe, and also participating in the process as required.
• Attending appropriate European industry groups to keep abreast of current or prospective regulatory developments and industry best practices and, where necessary, articulate our views.
• This role may include the management and development of staff or a small team.

Knowledge / skills required

• Typical educational requirement: Degree or equivalent.
• Extensive and deep experience of financial crime risks and regulatory requirements and best practice processes and controls, either in a relevant asset management or banking environment.
• Ability to take key decisions that will have a significant financial and/or operational impact on Schroders. Previous solutions may not always be available. Situations will be complex, involved and with considerable grey area.
• Ability to communicate, collaborate, lead and influence at an advanced level with others in the organisation across functional and geographical boundaries.

Schroders is an equal opportunities employer and welcomes applications regardless of sex, marital status, ethnic origin, sexual orientation, religious belief or age.